Looking ahead

” A trader gets to play the game as the professional billard player does - that is , he looks far ahead instead of considering the particular shot before him. It gets to be an instinct to play for position. ” … Jesse Livermore

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My comments : I love playing pool and would agree that positioning the next ball is as important , if not more important , as getting the immediate ball into the pocket. In trading , this same strategy applies. Sometimes short term gain could be very tempting and it lures us into making a silly trade decision , for example getting into a trade too early ; trading is all about timing and strategies … HenryTeo